The Daily Alaska empire Newspaper, April 11, 1941, Page 8

BELLAMY IS BACK FROM SITKA TRIP Ben Bellamy, representative of the National Grocery Company, re- ned to Juneau on the Nor Sea after a trip to Sitka during which ine he called on the trade there. { BENEFIT DANCE FOR ALEX DAROFF AND FAMILY SATURDAY APRIL 12 UNION HALL MUSIC by Lillian Uggen's Band Gentlemen $1.00 e ) WASHINGTON CREAMERY (0. features Quality Products Blue Ribbon Brand BUTTER - EG POULTRY A Plymouth Brand— READY TO COOK POULTRY 1" AlaskaC Easter Services Seven Sym The General Public Is P < 27 NEW AREA OPENED T0 U. 5. SHIPS Stopper Is Taken Out of Mouth of Red Sea and Gulf of Aden by FDR SPECIAL DEFENSE AREA HOUSING IS HANDLED BY FHA New Title in Law Permits! Construction Within Specified Bounds WASHINGTON, April 11.—With the President’s signing of amend-| ments to the National Housing Act creating new Title VI, the Federal| Housing Administration is prepared | Scoffish Rite Masons 04 2P. Lodge Room of Temple s to Attend These Services. de:y("s;if:fii:; x::]’)fll‘:(’l':hi"::;(‘l to further the construction of | Sea and Gulf of ;Adon 6 M“N)’mn homes in specified defense areas, shipping. He made the a’nno\mce- AJITEOIB BNt T SR announces. i ment at a conference today with the newsmen. The President said he has taken out the stopper from the mouth of the waterway so American vessels may now enter it. American ships will be permitted to go all of the way to the Suez Canal since Egypt is neutral terri- tory. The President indicated there will be no tendency on the part of the Government to explore the question as to whether supplies consigned to The legislation sets up a special $100,000,000 FHA home mortgage in- surance authorization and provides machinery enabling private enter- prise to supply upwards of 25,000 units in meeting nousing demands caused by national defense activi- ties. A defense housing insurance fund of not more than $10,000,000 will be made availabie to the FHA by the| Reconstructior Finance Corpora- tion. Mortgages insured under the a neutral nation might ultimately |new title will be distinct from those | get to belligerent. | insured under Section 203 of the o G - | Act, constituting the bulk of FHA's ! operations, and will have no claim MRS. GREENAA RETURNS |5, the assets of existing insur- Mrs. Charles Greepaa, wife of a{gnce reserves, prominent Petersburg merchant, re- H turned home on the southbound owfi‘"."s " North Sea, after a short visit here, | The broad objectives of Title VI PR are (1) maximum participation by | private capital under FHA mort- surance in the construction| The Lauy Alaska. =mpire guaran- tees the largest daily circulation of|838€ in: e tion | #nv Alaska newspaper of added housing facilities required { for defense industry workers in areas where there is reasonable as- surance of permanent need for the new dwellings after the end of the| | defense emergency; and (2) safe-| { guarding the established FHA-in-| ! sured mortgage program against ! excessive risks or losses in connec-| tion with the insurance of home| loans in defense industry areas. | The class of defense housing| | which it is contemplated will be| ! constructed by private capital undvr} !the new legislation occurs gener-| lally in the vicinity of established| | industrial communities where con- | tinuity of operations can within| | reason be anticipated after the ter- mination of the emergency. FHA operations under Title VIl are not designed to take care of i cases where the need is for tem- [pnmry facilities, or where the need | for additional housing is likely w| disappear with the emergency, or where workers requiring the addi- | tional housing cannot pay rents | sufficient to support the investment | of private funds. Special Characteristics The special characteristics of mortgage insurance under Title VI are: 1. It will be restricted to areas “in which the President shall find that an acute shortage of housing exists or impends which would im- pede national defense activities” and will be limited to commitments | to insure entered into on or before | July 1, 1942, unless the President | should declare the emergency ter- i minated prior to that date. I 2. In contrast to the provisions | | | | | | GS - CHEESE SO of Relighting the bolic Lights M. | of Section 203 limiting 90-percent ‘mortgages to owner-occupied new homes, the new title authorizes in- Most Cordially Invited Best for Giving .. .. Best for Keeping! BOY! There'll be lots house . . . for ch PERCY'’S candy is de healthful . . . be sure joyous Easter Day. ... PERCY'S candy is e ———————————————————————————————————————— e ———— Percy’s the Easter Bunny leaves PERCY’S candy at your ‘“The Home. of satisfaction evident after ildren and grown-ups alike. licious rich, good and to order plenty now for a And note the thrifty prices better, but it costs no more! See Us Today! Fancy Box Candy PERCY’S PHONE 94 for Easter Candy in Juneau®® | | Four-year-old Richard Ericson of Seattle, who expe cted one sister and got three, gazed with amazed de- light on the Ericson triplets, Alice, Bernice and Clarice (left to right) when the girls arrived home after five weeks in a hosnital incubator. surance of mortgages of up to 90 percent of FHA valuation of new properties in cases where the build- er is the mortgagor. The builder may thereafter either rent or sell subject to the insured mortgage 3. Mortgages insured under Title VI will have a maximum term of 20 years. 4. Mortgages will be limited to a maximum of $4,000 on a single- family home, $6,000 on a two-family home $8000 on a three-family home, and $10,500 on a four-family home. 5. Mortgages eligible for insur- ance under Title VI are limited to those on new dwellings on which construction was started after Jan- uary 1, 1940, and which were ap- proved for mortgage insurance or for defense-housing insurance prior to the beginning of constryction. New Wealth Mr. Ferguson pointed out that many workers who have moved into defense industry areas and are employed at sufficient wages to meet monthly payments on FHA- insured mortgages had been unem- ployed or had only part-time work until recently. In numerous cases, therefore, they lack funds to meet the minimum 10 percent down pay- ment requirement for new small homes insured under Section 203 and cannot qualify as acceptable mortgagors under the FHA's credit rating procedure. The provisions of Title VI per- mitting the insurance of 90 percent mortgages to builders are designed to meet these situations. At the same time, it is contemplated that most of the houses financed under Title VI will be sold to home owners, with the transfer of title occurring after a rental period dur- | [ | | | i | No. 1 glamor girl of 1940, Patricia Plunkett, daughter of Mrs. Dunbar ' | Plunkett, of New York, will wed Joseph Hall, mining engineer, and| | Manhattar socialite, in lje!_Yor_b' { — | | declining loan balance, after whichl the usual 'z of 1 percent premium would go into effect provided the dwelling were a single-family own- er-accupied house. 3 FHA Inspection Additional protection against ex- cessive foreclosures will be provid- ed by the requirement that these | hemes must be constructed under FHA inspection and be governed by FHA established minimum con- | struction requirements and prop- ing which an equity position is es- erty standards. PFurthermore, all tablished by additional payments|projects must be “economically | on the part of the ultimate pur-|sound,” the same basic legislative chaser, The liability of the builderfdlrection that has governed pro- for the payment of the mortgage jects previously insured by the FHA.; continues until the purchaser has, Mortgage insurance under Title paid on account of the purchase VI represents a limited program, price 10 percent of the appraised aimed specifically at special situa- { value of the property as determined tions. The bulk of FHA operations, | by the Administrator. (will centit.e under the provisions | "New rules and regulations under of Section 203. More than 120,000 | Title VI will provide for a maxi-‘new h have teen storted under| | mum interest rate of 4% percent' FHA inspection since last July 1, lon the declining loan balance, the with most of them concentrated in | same as under Section 203. During defense industry areas. ‘This con- | the period when the builder is the, structicn represonts a gain of | mortgagor and until 10 percent is percent over the preceding year. paid and title acquired by a home Applications for mortgage insurance owner approved by the Administra- covering new homes in March were tor, there will be an insurance at a new peak, exceeding any other premium of 3/4 of 1 percent on the month in the FHA’s history. lb@vj 10 ALt H Boer ROYAL COURT, YUGOSLAVIA, QUITSNATION Members FIWg fo Turkey ~King Peter Expected to Soon Leave Kingdom BUDAPEST, April 11.—A semi cfficial telegram from Istanbul sa many members of the Yugoslav Royal Court have arrived in Turkey by plane, ! King Peter is expected to arrive| within the next several days. The boy King seized the throne in a| bloodless coup cn March 27, two days after the Pro,Axis Regent Prince Paul signed the Yugoslav membership with the Axis. - BIG STRIKE THREATENED BY 10 UNION New WageTgreement Is' Sought by Auto Workers | from General Motors | (Continued from Page One) negotiated before April 20. The shutdown of the General Mot- ors’ plants will affect about 130,000 workers. The firm has millions of | dollars worth of defense contracts. The Labor Department has im- mediately assigned a conciliator to try to prevent a work stoppage. Ford Settlement James Dewey, Federal Labor Con- H ciliator, working in Detroit for a settlement of the CIO strike at the Ford Rogue River plant, has wired ,the Labor Department he expects a |complete settlement before night- fall. Earlier in the day, Gov. M. D. Van Wagoner, at Detroit, claimed prog- Tess on one remaining point neces- sary to a settlement of the trouble. EASTER CONCERT - AT SCHOOL WILL - BE ON APRIL 25 Under the direction of Miss Merle Janice Schroeder, vocal instructor for the Juneau Public Schools, the annual Easter Concert will be pre- sented April 25 in the High School gymnasium. | | | ODOM-EDWARDS CO., Alaska Disiributors Fuar Auctiéll_ Sales At our auction sales your BEAVERS will receive good competition and best returns. Next Sales: April 30, May 28, June 25 WEST COAST FUR SALES, Inc. b ‘The musicale will be divided into three groups including negro spirit- uals, love songs and humorous se- lections. In keeping with the theme of the concert, “Ballac For Ameri- cans” will be sung by the combined groups with Jim Glasse as soloist. Other outstanding songs to be heard will include “I Got Shoes,” “At Dawning,” “Sylvia’ and some of the m popular Victor Herbert selec- | For a‘varied effect, a commenta- tor will give running comments on the various numbers and a parade of nations will be presented in cus- tume by Grade School students. ———— \MOMWERS ARRIVES R. J. Bowérs, traveling salesman, and. his- wife. arrived .from .Sitka-on the steamer North Sea. They ave staying at the Baranof Hotel. Asserts Japan Should Acquire Both Hawaii, Alaska for Protedion i f ROME, April 11. — The official ISITK‘ MA" ls o“ United States to establish air bases | In Greenland, said: | Asia and Europe, and also Alaska | ness man of Sitka, accompanied by to protect the Eastern Hemisphere.” | Mrs, Anderson, is visiting in Juneau Italian news agency, Stefani, com- | menting on the intention of the | v's" ,lo jUN[AU A . “By the same reasoning, Japan | should acquire Hawaii to protect | Neill Anderson, prominent busi- D arriving here on the North Sea. Anderson, who has been council LEAV] ¥ Wil ;ES BE ANNE man at Sitka for the past two yea % o 1' ~ m nncock. was dismissed | has resigned that position as he v 3 ay from sc_. Ann's Hospital after | recently elected to the Public Utili- "% receiving medical care. | ties Board oo 05 | L e . Try & classified ad In The Empir- Try a classified ad in‘The Embire g ead e bt o e A i I 5 A e 9 o b comes but once a year, so loo} {:,urbrst on this glorious day. ear Heel Latch Shoes in the new spring colors to make “your Easter costume ! entirely Tovely. en- tial patented features $G 50 give you extra comfort. L] “THE SHOES YOU LOVE TO WEAR™ ‘ ool Ltk THE FAMILY SHOE STORE LOU HUDSON—Manager Schilling EX?UISITE FLAVOR TEA If you enjoy fine tea, try Schilling Tea...fragrant, flavorful and refreshing. Compare its quality ! [ “ A Word 1o the Wise Is Sufficient! . And Here Are Some Suggestions for Your Easter Feast CUCUMBERS Each 13¢ NEW POTATOES - - 4lbs.2%c Shafter Whites RHUBARB, Field - - 2lbs.25 ORANGES, Sunkist - 2doz.55¢ Shoestring Potatoes - - 2 cans 25¢ Kobey’s Cheese-Covered 3 4 : EGGS, Co-Op - 2 doz. T3¢ Special A Large MAY WE SUGGEST THESE TRIMMINGS TO GO WITH YOUR EASTER HAM PINEAPPLE - - No. 2% tins25c YAMS, S Candied No. 2tins 25c CORN ¢! Monte ] ez fins. 2 {91- 3¢ Whole Kernel—Vacuum Packed PEARS, S Salad, No.2":1ins 39¢ DON'T FORGET, TQ CONSIDER FRESH FROSTED FOODS 20th CENTURY GROCERY " JUNEAU'S FAMILY STORE Where Price, Quality and iService Go Hand in Hand T B | |